Tag Archives: freeport-mcmoran

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Freeport-McMoRan Completes Acquisition in Gulf of Mexico

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has completed the previously announced acquisition of certain part of Apache Corporation’s (Apache) (NYSE, Nasdaq: APA) interests in the Deepwater Gulf of Mexico (GOM).

Following the exercise of preferential purchase rights by other working interest owners in the Lucius project, FM O&G acquired for $919 million, 51.2% of Apache’s 11.7% working interest in the Lucius oil development project, 100% of Apache’s 12.5% working interest in the Heidelberg oil development project and several exploration leases. Following closing and the interim redetermination of equity ownership by the co-owners in the Lucius field, FM O&G owns an approximate 25.1% working interest in Lucius.

The Deepwater GOM acquisition was funded with proceeds from the previously reported sale of FM O&G’s Eagle Ford Shale assets, which closed on June 20, 2014. The estimated combined after-tax net proceeds from these transactions approximate $1.8 billion. On June 23, 2014, FCX announced that it will redeem in July 2014 approximately $1.7 billion aggregate face amount of senior notes with an average annual interest rate of approximately 6.6%.

FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded copper producer.

FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America; the Tenke Fungurume minerals district in the Democratic Republic of Congo; and significant oil and natural gas assets in North America, including reserves in the Deepwater GOM, onshore and offshore California and in the Haynesville natural gas shale play, and an industry-leading position in the emerging shallow water Inboard Lower Tertiary/Cretaceous natural gas trend on the Shelf of the GOM and onshore in South Louisiana.

san-antonio-texas-eagle-ford-oil-shale-top

Freeport-McMoRan Completes $3.1B Sale

Freeport-McMoRan Copper & Gold Inc. announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has completed its previously announced sale of its Eagle Ford Shale assets to a subsidiary of Encana Corporation for cash consideration of $3.1 billion, before closing adjustments from the effective date of April 1, 2014, through the closing date. The Eagle Ford assets include all of FM O&G’s interests on approximately 45,500 net acres with estimated net proved reserves totaling 59 million barrels of oil equivalents (BOE) and estimated net proved and probable reserves of 69 million BOE at year-end 2013.

The company expects to complete the acquisition of interests in the Deepwater Gulf of Mexico from Apache on June 30, 2014.

FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded copper producer.

FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America; the Tenke Fungurume minerals district in the Democratic Republic of Congo; and significant oil and natural gas assets in North America, including reserves in the Deepwater GOM, onshore and offshore California and in the Haynesville shale play, and an industry-leading position in the emerging shallow water Inboard Lower Tertiary/Cretaceous natural gas trend on the Shelf of the GOM and onshore in South Louisiana.

Portales I Exterior 2, WEB

BOMA Greater Phoenix TOBY Awards 2013

This year’s BOMA Greater Phoenix TOBY Awards were presented Nov. 15 at the Renaissance Phoenix Downtown.

AZRE Magazine would like to congratulate the seven winners of this year’s BOMA Greater Phoenix TOBY Awards.

Portales Corporate Center II

Portales Corporate Center II

100,000- 249,999 SF Category: Portales Corporate Center II
4800 N. Scottsdale Rd., Scottsdale
Owned by: Principal Real Estate Investors
Architect: DFD Conoyer Hedrick
Managed by: Julie Schulze, Property Manager and Leasing Consultant, Forum Property Services, LLC

Portales Corporate Center I

Portales Corporate Center I

250,000-499,999 SF Category: Portales Corporate Center I
4800 N. Scottsdale Rd., Scottsdale
Owned by: Principal Real Estate Investors
Architect: DFD Conoyer Hedrick
Managed by: Julie Schulze, Property Manager and Leasing Consultant, Forum Property Services, LLC

 

Freeport-McMoRan Building

Freeport-McMoRan Building

Corporate Facility Category: Freeport-McMoRan Building
333 N. Central Ave., Phoenix
Owned by:  National Electrical Benefit Fund
Architect: Smith Group
Managed by: Mary Anne Lanoue, General Manager, Transwestern

Arizona Game and Fish Department Headquarters

Arizona Game and Fish Department Headquarters

Government Building Category: Arizona Game and Fish Department Headquarters
500 W. Carefree Hwy., Phoenix
Owned by: Arizona Wildlife Finance Corporation
Architect: Will Architects
Managed by: Lauren Grant, Lincoln Property Company

McCauley Medical Office Building

McCauley Medical Office Building

Medical Office Building Category: McAuley Medical Office
500 W. Thomas Rd., Phoenix
Owned by: LaSalle Investment Manager
Architect: BLM Group
Managed by: Mercedes Marquez, Real Estate Manager, CBRE

Park One

Park One

Renovated Category: Park One
2111 E. Highland Ave., Ste. 100, Phoenix
Owned by: MS MCC Park One, LLC
Architect: Phoenix Design One
Managed by: Lorraine MacGregor, Property Manager, McCarthy Cook & Co.

San Tan Corporate Center

San Tan Corporate Center

Suburban Office Park Low Rise Category: San Tan Corporate Center I & II
3100 and 3200 W. Ray Rd., Ste. 135, Chandler
Owned by: Wells REIT II-SanTan Corporate Center, LLC
Architect: DFD Architectural
Managed by: Maricela Nunez, Real Estate Manager, CBRE

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DIGNITY receives $50K from Freeport-McMoRan

Catholic Charities Community Services received a $50,000 Women’s Development Grant from the Freeport-McMoRan Copper & Gold Foundation. The funds will be used to help women in Catholic Charities’ DIGNITY program for prostitution recovery.

“We are so grateful for Freeport-McMoRan Copper & Gold Foundation’s support,” said Erica Reed, DIGNITY program director at Catholic Charities. “There tends to be little sympathy for these women because people assume the women choose to be prostituted. People do not realize that most prostituted individuals come from abusive homes and were lured into ‘the life’ as young as 13. They have had no real home, life-skills or work history. This grant will help our women to reestablish a life for themselves—a life with dignity.”

DIGNITY is an acronym for Developing Individual Growth and New Independence Through Yourself. Catholic Charities reaches out to prostituted individuals, including girls, in the streets and in the jails. They also offer a year-long residential recovery program to help women build their self-esteem and their life-skills so they may transition to an independent life free from abuse and prostitution.

The Women’s Development Grant from Freeport-McMoRan Copper & Gold Foundation will be used to help the DIGNITY women to complete job readiness and life-skill training, including financial literacy.

“When women build stable lives, succeed and increase their income, they are more likely to invest in the physical, emotional and financial wellbeing of their children, their families and their communities,” said Tracy Bame, president of the Freeport-McMoRan Copper & Gold Foundation..

Banner MD Anderson Lantern Of Hope

$2M Grant from Piper Supports Fight Against Cancer

With a generous $2 million grant from Virginia G. Piper Charitable Trust, the Cancer Has Met Its Match campaign benefitting Banner MD Anderson Cancer Center is near its $20 million goal. The grant from Piper Trust, in support of the campaign, provides funding for capital, programs and services that will impact patients, their families and the community.

Launched in January 2011, the Cancer Has Met Its Match campaign has attracted support from more than 1,000 individual, corporate and foundation donors that share an interest in fighting cancer. The campaign has been on a path to success since its inception thanks to the involvement of dozens of dedicated community and business leaders who comprise the campaign cabinet.

In particular, Richard Adkerson, president and CEO of Freeport-McMoRan Copper & Gold, has been invaluable as the chair of the campaign, while Arizona Cardinals’ star receiver Larry Fitzgerald has taken an active role as honorary chair. Additional outstanding leadership has been provided by co-chairs Steve Rizley, senior vice president of Cox Communication and Kari Yatkowski, founder of Corporate Citizen.

Located in Gilbert, Ariz., the Banner MD Anderson Cancer Center, part of the Phoenix-based nonprofit Banner Health system, relies on philanthropic support to fund education and outreach activities, patient support programs, the latest technology and more. Another significant gift received in Fall 2012 from the James M. Cox Foundation will fund the creation of the Center for Cancer Prevention and Integrative Oncology, which will incorporate traditional cancer treatments with evidence-based integrative therapies, such as acupuncture, yoga or meditation, to aid pain and stress management.

The Cancer Has Met Its Match campaign seeks to raise the remaining $311,000 by June 30, 2013. A second fundraising effort will follow to secure support for additional capital and programmatic efforts associated with the ongoing expansion of Banner MD Anderson. Work is currently underway on a 130,000-square-foot expansion project at Banner MD Anderson Cancer Center which will double the total clinic exam rooms to 60, add three linear accelerators used in radiation treatment and include 13 additional infusion bays. It will also expand the Laboratory Intake Center and Welcome Center, as well as the Cox Center for Integrative Oncology and Cancer Prevention.

Richard Adkerson, Freeport-McMoRan Copper & Gold - AZ Business Magazine May/June 2011

Freeport-McMoRan's profit rises 16%

Freeport-McMoRan Copper & Gold Inc. said Tuesday that fourth-quarter profit rose 16 percent on a combination of rising sales and lower copper-production costs, and the mining company’s stock rose.

Net income was $743 million, 78 cents per share, compared with $640 million, or 67 cents per share, a year earlier. Excluding one-time items such as a charge for environmental costs, the company said it would have earned 74 cents per share, beating the forecast of 71 cents per share among analysts surveyed by FactSet.

Revenue increased 8 percent to $4.51 billion. Analysts expected $4.50 billion, on average.

Copper sales rose 18 percent, gold sales jumped 91 percent, and molybdenum sales gained 11 percent, the company said.

Cost of producing one pound of copper dipped to $1.54 from $1.57 a year earlier, reflecting lower employees costs partially offset by higher mining costs.

In December, the company announced that it will buy Plains Exploration & Production Co. and McMoRan Exploration Co. for $20 billion in total, including the assumption of debt. The deals are expected to close in the second quarter.

For the full year, Freeport-McMoRan earned $3.04 billion, or $3.19 per share, compared with $4.56 billion, or $4.78 per share, in 2011.

Richard Adkerson, Freeport-McMoRan Copper & Gold - AZ Business Magazine May/June 2011

Freeport-McMoRan’s profit rises 16%

Freeport-McMoRan Copper & Gold Inc. said Tuesday that fourth-quarter profit rose 16 percent on a combination of rising sales and lower copper-production costs, and the mining company’s stock rose.

Net income was $743 million, 78 cents per share, compared with $640 million, or 67 cents per share, a year earlier. Excluding one-time items such as a charge for environmental costs, the company said it would have earned 74 cents per share, beating the forecast of 71 cents per share among analysts surveyed by FactSet.

Revenue increased 8 percent to $4.51 billion. Analysts expected $4.50 billion, on average.

Copper sales rose 18 percent, gold sales jumped 91 percent, and molybdenum sales gained 11 percent, the company said.

Cost of producing one pound of copper dipped to $1.54 from $1.57 a year earlier, reflecting lower employees costs partially offset by higher mining costs.

In December, the company announced that it will buy Plains Exploration & Production Co. and McMoRan Exploration Co. for $20 billion in total, including the assumption of debt. The deals are expected to close in the second quarter.

For the full year, Freeport-McMoRan earned $3.04 billion, or $3.19 per share, compared with $4.56 billion, or $4.78 per share, in 2011.

freeport

Freeport-McMoRan buys energy companies for $9B

Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to mines in Indonesia.

Freeport, based in Phoenix, is paying $6.9 billion in cash and stock for Plains Exploration Co., and $2.1 billion for McMoRan Exploration Co. Freeport will also assume $11 billion in debt in the deal.

Plains Exploration, based in Houston, produces oil in California, Texas and the Gulf of Mexico, along with natural gas in Louisiana. McMoRan Exploration, based in New Orleans, is developing natural gas resources that lie deep below shallow water regions of the Gulf of Mexico.

The recent track record of miners buying oil and gas companies has been mixed.

BHP Billiton, the Australian mining giant, wrote down the value of its U.S. natural gas assets by $2.8 billion in August. The company had paid $5 billion for much of those assets in 2011 when it bought reserves in the Fayetteville Shale in Arkansas from Chesapeake Energy.

Natural gas prices in the U.S. have been pushed sharply lower in recent years because drillers have learned to unlock enormous amounts of natural gas from shale formations under several states, dramatically boosting supplies.

BHP Billiton also acquired Petrohawk Energy in 2011 for $12 billion. Petrohawk focused on oil instead of gas, though, so BHP did not have to write down those assets.

U.S. oil production is at its highest level since 1998, according to the Energy Department, but global oil prices have remained relatively high.

Freeport shareholders generally owned the company for its exposure to copper and will not embrace the move, Anthony Rizzuto, an analyst at Dahlman Rose, wrote in a note to clients.

The company’s stock price fell $5.06, or 13 percent, to $33.22, in midday trading.

The Freeport deals, which must be approved by shareholders, are expected to close in the second quarter of 2013.

Freeport McMoRan - American Indian Retention

Freeport McMoRan’s Gift To ASU Helps American Indian Retention Efforts

Attending college and earning a degree is a distant dream for many American Indians. A gift of $35,000 from Freeport McMoRan to Arizona State University will help ensure that more students attain their goals of earning a higher education degree by funding Native American retention efforts.

Arizona is a state that is rich in Indian tribal communities with 22 federally recognized tribes whose land makes up one quarter of the state’s land mass. ASU is working collaboratively with these federally recognized tribes to strengthen the education pipeline from Native communities to ASU.

“Freeport McMoRan’s generous gift will help ASU deliver meaningful support services to its ever-increasing American Indian student population who are enrolled members of these tribes. This gift will help these students make a successful transition into the rigors of the university curriculum and the later employment challenges that lie ahead. We are extremely grateful for Freeport McMoRan for its support,” said Diane Humetewa, Special Advisor to ASU President Michael Crow on American Indian Affairs.

ASU has one of the largest American Indian student populations in the nation. In the 2012 spring semester, approximately 1,400 American Indian students from the Navajo Nation, Tohono O’odham Nation, San Carlos Apache Indian Tribe, Hopi and other federally recognized tribes located within Arizona and other states throughout our nation enrolled at ASU. ASU ranks first in the nation for doctoral degrees awarded to American Indians.

ASU is working to ensure that students who come to the university complete their degrees. First-year retention rates among Native Americans average around 69 percent. Students cite a myriad of reasons why completing their studies is challenging, including finances and cultural differences.

“If you’re coming from a small tribal community into a large urban environment, you’re likely trying to figure out your day-to-day living situation and manage finances while at the same time trying to excel academically. It can, at times, be overwhelming. ASU can provide resources to get through that first semester,” Humetewa said.

ASU is spearheading creative initiatives to provide incoming students with a holistic approach to complete their degrees with programs designed to enhance social, cultural and academic integration. The gift from Freeport McMoRan will support these programs and initiatives to boost American Indian student success at ASU.

“This gift represents Freeport McMoRan’s commitment to the success of Native American students. The funds will provide multi-year support for programs that promote retention, success and graduation for enrolled members of federally recognized tribes. We are grateful to have Freeport McMoRan as a partner in educational excellence,” said Delia S. Saenz, Vice Provost for International & Institutional Inclusion.

Funds from the gift will be eligible to support programs and initiatives such as: an accredited course that will build writing, reading and response skills; undergraduate tutorial services; and college and career readiness activities that will ease the cultural transition to the university, especially for first-generation American Indian college students from reservation communities.

Other programs that are eligible for funds include an elective course to help students overcome cultural challenges often faced when applying studies to a work environment. The course emphasizes professional and leadership skills while exploring indigenous and non-indigenous perspectives on communication, research and professional and leadership skills.

In addition, the ASU Summer Bridge Program ensures that students make a successful transition to the university by emphasizing involvement, inclusion and identification with the ASU campus and community. Sixty American Indian students experience a four-day ASU residential orientation that includes: one-on-one meetings with academic advisors, faculty and staff; class registration and advisement; culturally specific workshops and presentations; leadership development; and academic and social integration.

A similar program, the Native American Summer Institute, has run for the past 12 years and has served over 750 students with great success. Current ASU data show that students who attend the institute are retained at much higher rates.

For more information on Freeport McMoRan and ASU, visit Freeport McMoRan’s website at www.fcx.com and visit ASU’s website asu.edu.

Manufacturing Companies

Arizona’s Largest Manufacturing Companies

Arizona’s 10 largest public and privately held manufacturing companies, ranked by the number of employees based on full-time equivalents of 40 hours per week and based on industry research.

ŒRaytheon Co.
Arizona employees in 2012: About 12,000
Employment change since 2011: Added about 500 jobs
2010 revenue: $25.2 billion
Principal: Taylor W. Lawrence, president
Company’s focus: Missile manufacturing
Year founded: 1922
Headquarters: Waltham, Mass.
Phone: (520) 694-7737
Website: raytheon.com

Intel Corp.
Arizona employees in 2012: About 11,000
Employment change since 2011: Added about 1,300 jobs
2010 revenue: $43.6 billion
Principal: Paul S. Otellini, president and CEO
Company’s focus: Semiconductor manufacturing
Year founded: 1968
Headquarters: Santa Clara, Calif.
Phone: (480) 554-8080
Website: intel.com

ŽHoneywell International Inc.
Arizona employees in 2012: 10,100
Employment change since 2011: Added about 384 jobs
2010 revenue: $33.4 billion
Principal: Tim Mahoney, president and CEO, aerospace
Company’s focus: Aerospace manufacturing
Year founded: 1952
Headquarters: Morristown, N.J.
Phone: (602) 231-1000
Website: honeywell.com

Freeport-McMoRan Copper & Gold Inc.
Arizona employees in 2012: About 7,600
Employment change since 2010: Added about 600 jobs
2010 revenue: $19 billion
Principal: Richard Adkerson, CEO
Company’s focus: Mining
Year founded: 1834
Headquarters: Phoenix
Phone: (602) 366-7323
Website: fcx.com

General Dynamics C4 Systems
Arizona employees in 2012: 5,402
Employment change since 2011: Added about 376 jobs
2010 revenue: $32.5 billion
Principal: Chris Marzilli, president
Company’s focus: Defense, communications
Year founded: 1952
Headquarters: Falls Church, Va.
Phone: (480) 441-3033
Website: generaldynamics.com

‘Boeing Co.
Arizona employees in 2012: 4,878
Employment change since 2011: Added about 78 jobs
2010 revenue: $64.3 billion
Principal: Harry Stonecither, CEO
Company’s focus: Aircraft manufacturing
Year founded: 1916
Headquarters: Chicago
Phone: (480) 891-3000
Website: boeing.com

’Freescale Semiconductor
Arizona employees in 2012: 3,000
Employment change since 2011: Stayed about even
2010 revenue: $4.5 billion
Principal: Rich Beyer, chairman and CEO
Company’s focus: Microchip manufacturing
Year founded: 1953
Headquarters: Austin
Phone: (512) 895-2000
Website: freescale.com

“Shamrock Foods Co.
Arizona employees in 2012: 1,828
Employment change since 2010: Added about 47 jobs
2010 revenue: $1.650 billion
Principal: Norman McClelland, CEO
Company’s focus: Processor of dairy products
Year founded: 1922
Headquarters: Phoenix
Phone: (602) 477-6400
Website: shamrockfoods.com

”Microchip Technology Inc.
Arizona employees in 2012: About 1,539
Employment change since 2011: Lost about 21 jobs
2010 revenue: $1.487 billion
Principal: Steve Sanghi, CEO
Company’s focus: Microcontroller, memory and analog semiconductors manufacturing
Year founded: 1987
Headquarters: Chandler
Phone: (480) 792-7200
Website: microchip.com

•Orbital Sciences Corp.
Arizona employees in 2012: 1,378
Employment change since 2011: Lost about 58 jobs
2010 revenue: $1.294 billion
Principal: Christopher Long, vice president and GM Gilbert operations
Company’s focus: Aerospace manufacturing
Year founded: 1963
Headquarters: Dulles, Va.
Phone: (480) 899-6000
Website: orbital.com

50 Largest Employers in Arizona - AZ Business Magazine January/February 2012

50 Largest Employers In Arizona

These are the 50 largest employers in Arizona, including public and privately held companies and not-for-profit corporations, ranked by the number of employees based on full-time equivalents of 40 hours per week and based on industry research.


50 Largest Employers in Arizona

Walmart Stores Inc.

Arizona employees in 2011: 30,634
Employment change since 2010: Added about 300 jobs
2010 revenue: $421.8 billion
Company’s focus: Discount retailer
Year founded: 1962
Headquarters: Bentonville, Ark.
Phone: (479) 273-4000
Website: www.walmart.com

Banner Health

Arizona employees in 2011: 28,353
Employment change since 2010: Added about 600 jobs
2010 revenue: $4.9 billion
Company’s focus: Health care
Year founded: 1911
Headquarters: Phoenix
Phone: (602) 747-4000
Website: www.bannerhealth.com

Wells Fargo & Co.

Arizona employees in 2011: About 14,000
Employment change since 2010: Stayed about even
2010 revenue: $93.2 billion
Company’s focus: Financial services
Year founded: 1852
Headquarters: San Francisco
Phone: (800) 411-4932
Website: www.wellsfargo.com

Bank of America Corp.

Arizona employees in 2011: 13,300
Employment change since 2010: Added about 2,000 jobs
2010 revenue: $150.5 billion
Company’s focus: Financial services
Year founded: 1904
Headquarters: Charlotte, N.C.
Phone: (800) 944-0404
Website: www.bankofamerica.com

McDonald’s Corp.

Arizona employees in 2011: 12,770
Employment change since 2010: Added about 955 jobs
2010 revenue: $22.7 billion
Company’s focus: Food service
Year founded: 1955
Headquarters: Oakbrook, Ill.
Phone: (800) 244-6227
Website: www.mcdonalds.com

Apollo Group Inc.

Arizona employees in 2011: About 12,000
Employment change since 2010: Lost about 460 jobs
2010 revenue: $4.9 billion
Company’s focus: Educational services
Year founded: 1973
Headquarters: Phoenix
Phone: (480) 966-5394
Website: www.apollogrp.edu

Kroger Co. *

Arizona employees in 2011: About 12,000
Employment change since 2010: Added about 400 jobs
2010 revenue: $76.7 billion
Company’s focus: Grocery stores
Year founded: 1883
Headquarters: Cincinnati
Phone: (623) 936-2100
Website: www.frysfood.com
* Includes Fry’s Food Stores and Fry’s Marketplace

Raytheon Co.

Arizona employees in 2011: 11,500
Employment change since 2010: Lost about 600 jobs
2010 revenue: $25.2 billion
Company’s focus: Missile manufacturing
Year founded: 1922
Headquarters: Waltham, Mass.
Phone: (520) 794-3000
Website: www.raytheon.com

JP Morgan Chase & Co.

Arizona employees in 2011: 10,500
Employment change since 2010: Added about 600 jobs
2010 revenue: $102.9 billion
Company’s focus: Financial services
Year founded: 1799
Headquarters: New York
Phone: (602) 221-2900
Website: www.chase.com

Honeywell International Inc.

Arizona employees in 2011: 9,716
Employment change since 2010: Lost about 700 jobs
2010 revenue: $33.4 billion
Company’s focus: Aerospace manufacturing
Year founded: 1952
Headquarters: Morristown, N.J.
Phone: (602) 231-1000
Website: www.honeywell.com

Intel Corp.

Arizona employees in 2011: 9,700
Employment change since 2010: Stayed about even
2010 revenue: $43.6 billion
Company’s focus: Semiconductor manufacturing
Year founded: 1968
Headquarters: Santa Clara, Calif.
Phone: (480) 554-8080
Website: www.intel.com

Target Corp.

Arizona employees in 2011: 9,300
Employment change since 2010: Added about 500 jobs
2010 revenue: $65.4 billion
Company’s focus: Discount retailer
Year founded: 1962
Headquarters: Minneapolis
Phone: (612) 304-6073
Website: www.target.com

US Airways

Arizona employees in 2011: 8,926
Employment change since 2010: Added about 150 jobs
2010 revenue: $11.9 billion
Company’s focus: Airline
Year founded: 1981
Headquarters: Tempe
Phone: (480) 693-0800
Website: www.usairways.com

Catholic Healthcare West

Arizona employees in 2011: 8,291
Employment change since 2010: Added about 500 jobs
2010 revenue: $9.9 billion
Company’s focus: Health care
Year founded: 1986
Headquarters: San Francisco
Phone: (602) 406-3000
Website: www.chw.edu

Home Depot Inc.

Arizona employees in 2011: About 8,000
Employment change since 2010: Added about 350 jobs
2010 revenue: $66.2 billion
Company’s focus: Home improvement
Year founded: 1978
Headquarters: Atlanta
Phone: (714) 940-3500
Website: www.homedepot.com

Walgreen Co.

Arizona employees in 2011: 7,750
Employment change since 2010: Stayed about even
2010 revenue: $63.3 billion
Company’s focus: Retail drugstores
Year founded: 1901
Headquarters: Deerfield, Ill.
Phone: (847) 940-2500
Website: www.walgreens.com

Safeway Stores Inc.

Arizona employees in 2011: 7,500
Employment change since 2010: Stayed about even
2010 revenue: $41.1 billion
Company’s focus: Grocery stores
Year founded: 1926
Headquarters: Pleasanton, Calif.
Phone: (480) 894-4100
Website: www.safeway.com

American Express Co.

Arizona employees in 2011: 7,465
Employment change since 2010: Added about 200 jobs
2010 revenue: $30.2 billion
Company’s focus: Financial services
Year founded: 1850
Headquarters: New York
Phone: (623) 492-7474
Website: www.americanexpress.com

Freeport-McMoRan Copper & Gold Inc.

Arizona employees in 2011: About 7,000
Employment change since 2010: Added about 935 jobs
2010 revenue: $19 billion
Company’s focus: Mining
Year founded: 1834
Headquarters: Phoenix
Phone: (602) 366-7323
Website: www.fcx.com

Pinnacle West Capital Corp.

Arizona employees in 2011: 6,900
Employment change since 2010: Stayed about even
2010 earnings: $330.4 million
Company’s focus: Electric utility
Year founded: 1985
Headquarters: Phoenix
Phone: (602) 250-1000
Website: www.pinnaclewest.com

Bashas’ Supermarkets

Arizona employees in 2011: 6,641
Employment change since 2010: Lost about 1,800 jobs
2010 revenue: Unavailable
Company’s focus: Grocery stores
Year founded: 1932
Headquarters: Chandler
Phone: (480) 895-9350
Website: www.bashas.com

Scottsdale Healthcare

Arizona employees in 2011: 6,556
Employment change since 2010: Added about 55 jobs
2010 revenue: Unavailable
Company’s focus: Health care
Year founded: 1962
Headquarters: Scottsdale
Phone: (480) 882-4000
Website: www.shc.org

UA Healthcare

Arizona employees in 2011: About 6,000
Employment change since 2010: Added about 2,050 jobs
2010 revenue: Unavailable
Company’s focus: Health care
Year founded: 1971
Headquarters: Tucson
Phone: (520) 694-7737
Website: www.u.arizona.edu

Circle K Corp.

Arizona employees in 2011: 5,690
Employment change since 2010: Added about 590 jobs
2010 revenue: $16.4 billion
Company’s focus: Convenience stores
Year founded: 1951
Headquarters: Laval, QC, Canada
Phone: (602) 728-8000
Website: www.CircleK.com

General Dynamics

Arizona employees in 2011: 5,026
Employment change since 2010: Added about 1,810 jobs
2010 revenue: $32.5 billion
Company’s focus: Defense, communications
Year founded: 1952
Headquarters: Falls Church, Va.
Phone: (480) 441-3033
Website: www.generaldynamics.com

Boeing Co.

Arizona employees in 2011: 4,800
Employment change since 2010: Added about 100 jobs
2010 revenue: $64.3 billion
Company’s focus: Aircraft manufacturing
Year founded: 1916
Headquarters: Chicago
Phone: (480) 891-3000
Website: www.boeing.com

Carondelet Health Network

Arizona employees in 2011: 4,690
Employment change since 2010: Added about 124 jobs
2010 revenue: About $601 million
Company’s focus: Health care
Year founded: 1880
Headquarters: Tucson
Phone: (520) 872-3000
Website: www.carondelet.org

Mayo Foundation

Arizona employees in 2011: 4,522
Employment change since 2010: Added about 138 jobs
2010 revenue: $7.9 billion
Company’s focus: Health care
Year founded: 1864
Headquarters: Rochester, Minn.
Phone: (480) 301-8000
Website: www.mayo.edu

CVS Caremark Corp.

Arizona employees in 2011: 4,500
Employment change since 2010: Added about 50 jobs
2010 revenue: $96.4 billion
Company’s focus: Pharmaceutical services
Year founded: 1993
Headquarters: Nashville
Phone: (615) 743-6600
Website: www.caremark.com

Salt River Project

Arizona employees in 2011: 4,346
Employment change since 2010: Lost about 392 jobs
2010 revenue: $2.7 billion
Company’s focus: Utility supplier
Year founded: 1903
Headquarters: Phoenix
Phone: (602) 236-5900
Website: www.srpnet.com

Costco Inc.

Arizona employees in 2011: 4,151
Employment change since 2010: Added about 951 jobs
2010 revenue: $76.2 billion
Company’s focus: Membership discount stores
Year founded: 1976
Headquarters: Issaquah, Wash.
Phone: (602) 293-5007
Website: www.costco.com

Abrazo Health Care *

Arizona employees in 2011: 4,089
Employment change since 2010: Added about 951 jobs
2010 revenue: $1.5 billion
Company’s focus: Health care
Year founded: 1997
Headquarters: Nashville
Phone: (602) 674-1400
Website: www.abrazohealth.com
* A division of Vanguard Health Systems

Albertsons Inc.

Arizona employees in 2011: 4,000
Employment change since 2010: Lost about 450 jobs
2010 revenue: $5.9 billion
Company’s focus: Grocery and drug stores
Year founded: 1939
Headquarters: Boise, ID
Phone: (602) 382-5300
Website: www.albertsons.com

FedEx Corp.

Arizona employees in 2011: 3,918
Employment change since 2010: Added about 330 jobs
2010 revenue: $34.7 billion
Company’s focus: Delivery, copy centers
Year founded: 1971
Headquarters: Memphis, Tenn.
Phone: (866) 477-7529
Website: www.fedex.com

Southwest Airlines Co.

Arizona employees in 2011: 3,857
Employment change since 2010: Added about 259 jobs
2010 revenue: $12.1 billion
Company’s focus: Airline
Year founded: 1971
Headquarters: Dallas
Phone: (602) 304-3983
Website: www.southwest.com

Marriott International

Arizona employees in 2011: 3,522
Employment change since 2010: Added about 722 jobs
2010 revenue: $11.7 billion
Company’s focus: Resorts and hotels
Year founded: 1927
Headquarters: Bethesda, Md.
Phone: (301) 380-3000
Website:  www.marriott.com

Qwest Communications Inc.

Arizona employees in 2011: 3,200
Employment change since 2010: Lost about 190 jobs
2010 revenue: $12.3 billion
Company’s focus: Telecommunications
Year founded: 1896
Headquarters: Denver
Phone: (800) 244-1111
Website: www.Qwest.com

United Parcel Service

Arizona employees in 2011: 3,170
Employment change since 2010: Lost about 48 jobs
2010 revenue: $49.5 billion
Company’s focus: Package delivery
Year founded: 1907
Headquarters: Atlanta
Phone: (888) 967-5877
Website: www.ups.com

John C. Lincoln Health Network

Arizona employees in 2011: 3,166
Employment change since 2010: Added about 539 jobs
2010 revenue: $551 million
Company’s focus: Health care
Year founded: 1927
Headquarters:  Phoenix
Phone: (602) 870-943-2381
Website: www.jcl.com

USAA

Arizona employees in 2011: 3,045
Employment change since 2010: Added about 74 jobs
2010 revenue: $17.9 billion
Company’s focus: Financial services
Year founded: 1922
Headquarters: San Antonio
Phone: (800) 531-8111
Website: www.usaa.com

Charles Schwab & Co. Inc.

Arizona employees in 2011: 3,001
Employment change since 2010: Stayed about even
2010 revenue: $4.2 billion
Company’s focus: Financial services
Year founded: 1974
Headquarters: San Francisco
Phone: (800) 435-4000
Website: www.schwab.com

Freescale Semiconductor

Arizona employees in 2011: About 3,000
Employment change since 2010: Stayed about even
2010 revenue: $4.5 billion
Company’s focus: Microchip manufacturing
Year founded: 1953
Headquarters: Austin
Phone: (512) 895-2000
Website: www.freescale.com

IBM Corp.

Arizona employees in 2011: About 3,000
Employment change since 2010: Stayed about even
2010 revenue: $95.8 billion
Company’s focus: Technology services
Year founded: 1924
Headquarters: Armonk, N.Y.
Phone: (800) 426-4968
Web site: www.us.ibm.com

Cox Communications Inc.

Arizona employees in 2011: 2,997
Employment change since 2010: Lost about 67 jobs
2010 revenue: $9.1 billion
Company’s focus: Telecommunications
Year founded: 1962
Headquarters: Atlanta
Phone: (623) 594-0505
Website: www.cox.com

TMC HealthCare

Arizona employees in 2011: 2,966
Employment change since 2010: Lost about 84 jobs
2010 revenue: Unavailable
Company’s focus: Health care
Year founded: 1943
Headquarters: Tucson
Phone: (520) 327-5461
Website: www.tmcaz.com

Verizon Wireless

Arizona employees in 2011: 2,901
Employment change since 2010: Added about 201 jobs
2010 revenue: $63.4 billion
Company’s focus: Wireless provider
Year founded: 1984
Headquarters: Basking Ridge, N.J.
phone: (480) 763-6300
Website: www.verizonwireless.com

Cigna HealthCare of AZ

Arizona employees in 2011: 2,865
Employment change since 2010: Added about 401 jobs
2010 revenue: $21.3 billion
Company’s focus: Health care
Year founded: 1972
Headquarters: Philadelphia
Phone: (602) 942-4462
Website: www.cigna.com

Grand Canyon University

Arizona employees in 2011: 2,818
Employment change since 2010: Added about 537 jobs
2010 revenue: $385.8 million
Company’s focus: Educational services
Year founded: 1949
Headquarters: Phoenix
Phone: (602) 639-7500
Website: www.gcu.edu

Starbucks Coffee Co.

Arizona employees in 2011: 2,783
Employment change since 2010: Added about 1,003 jobs
2010 revenue: $10.7 billion
Company’s focus: Food service
Year founded: 1971
Headquarters: Seattle
Phone: (602) 340-0455
Website: www.starbucks.com

Go Daddy Group Inc.

Arizona employees in 2011: 2,754
Employment change since 2010: Added about 441 jobs
2010 revenue: $741.2 million
Company’s focus: Internet services/technology
Year founded: 1997
Headquarters: Scottsdale
Phone: (480) 505-8800
Website: www.GoDaddy.com

These are the state’s 5 largest government employers, ranked by the number of employees.

State of Arizona: About 49,800 employees
City of Phoenix: About 15,100 employees
Maricopa County: 12,792 employees
Arizona State University: 11,185 employees
Mesa Public Schools: 8,376 employees

Arizona Business Magazine January/February 2012

AZ Virtual Studios

The Importance of Website Videos With AZ Virtual Studios

We’ve been thinking about videos a lot lately here at the AZNow.Biz office. We know adding them to your website is great for SEO, but we had many questions, including: What videos work on websites? Which should we stay away from? How many do we need to put on the website? And how often should we post them?

And then we stumbled up on this:

Uploading a short video onto your website can drastically increase your page ranking! We can assist you with the creation of a powerful social media video that pulls in more clients.

Found on AZ Virtual Studios‘s website, we contacted them right away and shortly after sat down with John Koop, COO of AZ Virtual Studios.

AZ Virtual Studios is a production company in the Phoenix area — boasting the largest green screen in the state — that can produce any type of video, including 3D animation, from start to finish. We asked them the video-related questions that were on our minds.

Koop discussed the clients they’ve created videos for in the past, including Boeing and Freeport-McMoRan, as well as the importance of adding video content to your website(s). He told us what kind of videos work; he touched on the viral videos they’ve worked on and more.

[stextbox id="grey"]For more information about AZ Virtual Studios, visit www.azvirtualstudios.com.[/stextbox]

 

branding - AZ Business Magazine April 2008

Branding: The Mark Of Excellence

Companies need to build trust to build a successful brand

Great brands are made, not born. Ask any marketing expert and they’ll tell you that it takes a lot of hard work to build the recognition and trust necessary to create an indelible brand for a product or company.

“Really and truly that is what a brand is — trust,” says Nancy Stephens, an associate professor of marketing at the W. P. Carey School of Business at Arizona State University. “When I see your brand mark on your service or your product, that tells me, ‘Yes, I know that company, I’ve had great experiences there every time, I know I can trust it. If it’s different, I don’t know if I can trust it, but maybe I can give it a try and I’ll see if I can.’”

The Valley is home to major companies that have dealt with significant branding issues over the last decade. The first, and most high profile, came about as the result of America West Airlines’ merger with US Airways in 2005. Almost overnight, a brand that had been ubiquitous in Arizona disappeared.

“It was a difficult decision to give up the America West name for us, because it was just so well-known and, we’d like to think, well-loved within the Valley and also certain communities like Las Vegas where we have another hub,” says Michelle Mohr, a spokeswoman for US Airways.

Eventually, of course, America West took on the US Airways name because company executives felt it better captured the more national and global direction the airliner was heading toward. Not unexpectedly, the name change created confusion among customers.

“We had logistical issues,” Mohr says. “US Airways had their ticket terminals in Terminal 2 in (Sky Harbor International Airport) and America West had theirs in Terminal 4. For some flights, you had to go to Terminal 2, for some you needed to come to Terminal 4. And then we had two separate ticket counters because there were two separate reservation systems at the airline. That could be rather confusing and frustrating to a customer.”

In the end, Stephens says the test for any company re-branding itself is how customers will react — and how the company will respond.

“(Changing a brand) is not an ideal thing to do and it’s an expensive thing to do because you’re going to have to send a message to a very crowded market that says, ‘We were that, now we’re this,’ ” she says. “I would not hammer with the media money until you have the experience down right, because then you get killed. Because if you say, ‘We’re still the same great company and we really care about you, and it’s going to be efficient and our employees are going to be very nice to you,’ and it’s not that way, then all your media money works against you.”

Another longtime Arizona company that is in the process of re-branding itself is the former Phelps Dodge. Louisiana-based Freeport-McMoRan Copper & Gold acquired Phelps Dodge in 2006. Despite the radical name change, Stephens says Freeport-McMoRan has different branding challenges than those faced by a retail customer-fueled corporation. Freeport-McMoran is a business-to-business company, but it still has constituents in the form of suppliers, buyers, investors and even the communities in which the old Phelps Dodge made its mark.

Another branding challenge companies’ face is when they take steps to change the look or even the name of a product. Locally, the Shamrock Foods Company decided to change things up in 1994 by creating the Shamrock Farms line of products, revamping its packaging and adding an illustrated “spokescow” named Roxie. It was a daring move for a company that had been around since 1922 in an industry not known for generating much excitement.

“They have taken a really boring, old product and made it pretty exciting with this new packaging,” Stephens says.

Sandy Kelly, director of marketing for Shamrock Farms, admits shaking things up was exactly what the company had in mind.

“It was a real pivotal turning point for the business overall and for the brand,” Kelly says. “We really looked at what was going on and how other consumer packaged goods brands went to market, and what we realized was that the dairy industry has typically been more commodity driven and there isn’t a lot of branding going on nationally. So we wanted to be different.”

Kelly adds that consumer focus groups continue to say they love Roxie, and as a result, the bovine has become the cornerstone of the company’s marketing campaign. In 1998, in an effort to take on soft drinks, Shamrock made some noise again by introducing milk in single-serve bottles instead of the traditional carton. The single-serve bottles are available across the country, including at 21,000 Subway locations. Just recently, Subway launched a milk mustache television ad featuring the company’s spokesman, Jared, holding a single-serve bottle of Shamrock Farms milk.

Also, the company has launched a new line of organic milk and emphasizes that it does not use the synthetic hormone rBST on its dairy cows.

While the company continues to update and add to its brand, it hasn’t lost sight of what makes a brand successful.

“We use the saying: ‘Tradition meets innovation,’” Kelly says. “We have a lot of trust built up with our consumer, but at the same time, we’ve been able to stay relevant with the needs of today, which is a challenge, especially in the dairy category. We’ve been able to have that trust, we’ve been able to build that trust.”

For more information regarding these companies visit:

wpcarey.asu.edu
fcx.com
shamrockfarms.net
usairways.com